Faridabad, the largest city in Haryana, is located very close to the Indian capital city New Delhi. It is an integral part of the National Capital Region (NCR) owing to its proximity to Delhi. Faridabad is an industrial city. The city is spread along the banks of the Yamuna. The city is a thoroughfare for the tourists visiting Vrindavan, Mathura and Agra. The economy of the city is run by a large number of small-scale and medium-scale industries. Faridabad happens to be one of the largest exporters of Henna in India. Various prominent companies have established their headquarters in Faridabad. Many IT Companies and MNCs have established their offices in the city, offering plenty of job opportunities. Large-scale companies like Yamaha Motors, Havells, Indian Oil, Larsen & Toubro, Whirlpool, etc. have their units and manufacturing plants in Faridabad. Faridabad is a massive economic hub in Haryana that generates more than 50% of the income tax for the state government. This city hosts many modern educational institutions including schools like Apeejay and DPS, as well as colleges like Institute of Management Technology and Institute of Hotel Management. There are certain tourist spots such as Badkhal lake, Surajkund, Digambar Jain Temple in and around the city.
Federal Bank Limited was established on 28th April 1931. In September 2006, the Ganesh Bank of Kurundwad was merged with Federal Bank, and the total number of the bank branches crossed 500. In July 2011, the Federal office launched the general insurance cover for stabilizing the relationship with the clients. FedDelight, banks unique gift card was launched in September 2011. In November 2011, the bank started its 24/7 customer care which was controlled by differently abled people. The Federal Bank has also signed an agreement with Samba Bank for inward remittance. The stocks of the bank get listed on the BSE Index in 2012. In August 2013, the bank launched its first electronic passbook named Fedbook in India, and it was awarded as the most active organization. The bank has adopted an exclusive video conferencing facility named Vconnect to enable customers to interact with relationship managers of the bank. In June 2015, the bank launched an innovative payment app for its customers named, Scan n Pay. Another initiative in digital banking was Fed-E-Credit, the first digital loan in August 2015. In January 2016, the bank introduced miss call based banking services for fund transfer.